So far it is providing some resistance for the bulls, and that means we’ll need to keep a close eye on things, to make sure we are ready to book gains, should another sell-off occurs again. As for me, I think we will get through the 50-Day MA, but where the real problem lies is with…
Crude oil is trading above $70/barrel while the USD came very close to breaking above 93 int he early hours of today. Especially with oil the uptrend impacts a wide range of sectors some of which are unable to pass the higher costs on to consumers. Chris Temple joins me to discuss what is helping…
Starbucks Corporation (SBUX) purchases and roasts high-quality whole bean coffees and sells them along with fresh, rich-brewed, Italian style espresso beverages, a variety of pastries and confections, and coffee-related equipment primarily through its company-operated retail stores. In addition to sales through its company-operated retail stores, Starbucks sells whole bean coffees through a specialty sales group…
Oil price has been enjoying smooth sailing lately with U.S. crude topping the $70-per-barrel mark for the first time since November 2014. With the surge, crude has climbed 16% so far this year while Brent is up around 13%. The rally was driven by several factors that are pointing to a rebalancing of the oil…
What are the long-term trends for multiple jobholders in the US? The Bureau of Labor Statistics has two decades of historical data to enlighten us on that topic, courtesy of Table A-16 in the monthly Current Population Survey of households. At present, multiple jobholders account for just 4.9 percent of civilian employment. The survey captures data for…
The U.S. Unemployment Rate has moved down to 3.9%, its lowest level since December 2000. If you ask the average person on the street what that means for the stock market, they would likely say it’s a bullish sign. What does it actually mean? Let’s take a look… Data Source for all charts/tables herein: FRED,…
The Dollar is practically unchanged (amid some volatility) and Treasury yields are officially unchanged across the entire curve… but that doesn’t stop the short-squeeze continuing to lift Nasdaq stocks 1% higher and the S&P back to its 50DMA… The Dow is up 190 points, and the entire yield curve is unchanged… But its Breakevens that are snapping…
Shares of micro-cap Blink Charging (BLNK) are surging after the company announced that it has deployed charging stations at three Whole Foods Markets and will be integrated into the development of more stores when they open. “Whole Foods Market has always been on the frontlines of innovation in sustainability, and so we are eager to…
“Davidson” submits: There is much fear of inflation rising with some claiming it is beginning to soar. The 12mo Trimmed Mean PCE from the Dallas Fed is quite tame and has been so for some time. No inflation is good in my opinion and the Fed’s talk that 2% is healthy is a major misperception….
U.S. Dollar Index The advance this past week exceeded the upside price target of 92.38 and I exited my long position. I will monitor this market for a possible continuation pattern. I believe the U.S. Dollar Index will continue to trend higher. The factor is flat. Aussie Dollar The dominant chart construction is the completed…
